Noront Resources Ltd. NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > DON"T SELL YOUR SHARES

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Comment by DoctorAuricon May 31, 2021 6:57pm

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Post# 33299318

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:DON"T SELL YOUR SHARES

you don't know what you're talking about lou64. Whether the rights are included or not, at least 30% of the shares not controlled by Wyloo or Baosteel would have to vote in favor of the deal for 0.315 per share. That is unlikely to occur. Without the rights, they can buy the remainder for about $101M, and with the rights exercised, about $202M.

The value of the resource is in the 10s of billions at least.
Nobody is going to vote in favour of this deal with the exception of a few penny flippers.

deal is DOA and likely to be taken out by an entity not tainted by Chinse CCP money.

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